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Titanic maker says it is insolvent

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Harland & Wolff, the 163-year-old shipbuilder that made the Titanic, announced that it is insolvent.

The U.K. shipbuilder plans to begin a restructuring effort in the coming days.

Company officials said its "core operations," including the Belfast shipyard that built the Titanic, would not be impacted by the proceedings.

Read more from CNN.

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